In a typical commercial vehicle accident settlement, the party at-fault for the crash (or someone answerable for that party’s conduct) agrees to pay money to the crash victim. In return, the crash victim agrees to release the party at-fault from further liability for the victim’s injuries and losses, and to terminate any pending lawsuit seeking damages.
Full Answer
How Do Commercial Vehicle Accident Settlements Work?
A commercial vehicle accident can cause widespread damage, catastrophic injuries, and the tragic loss of life. Victims of truck and passenger bus crashes deserve compensation for their injuries. A skilled commercial vehicle accident attorney can help them get it by pursuing insurance claims and lawsuits on their behalf.
The Basics of Commercial Vehicle Accident Settlements
A settlement is an agreement to resolve a pending or potential legal claim. In a typical commercial vehicle accident settlement, the party at-fault for the crash (or someone answerable for that party’s conduct) agrees to pay money to the crash victim.
How Settlements Happen
In the aftermath of a commercial vehicle accident, victims hire experienced truck and bus accident lawyers to represent them in securing compensation from the parties at-fault. By investigating the accident, the lawyer can determine who may owe damages to the victims.
What Settlements Pay-For
Commercial vehicle accidents inflict a wide range of physical, emotional, and financial pain on their victims. One of the most important jobs a crash victim’s lawyer has involves understanding the full scope of that harm, and then calculating the amount of money appropriate to compensate for it.
Hiring a Commercial Vehicle Accident Lawyer Can Help You Get a Favorable Settlement
Victims of commercial vehicle accidents who want to obtain a favorable settlement will need skilled, experienced lawyers to assist them. A commercial vehicle accident is no ordinary fender-bender. It commonly causes massive damage and harms multiple victims.
Can I File a Lawsuit?
Under California law, liability for car accidents, including commercial vehicles like trucks, is determined by the responsible party. Anyone can file a personal injury lawsuit, but for it to be successful, there has to be evidence showing that the commercial vehicle was negligent in causing the accident.
Settlements
Suppose you were involved in an accident with a commercial vehicle. In that case, you should contact an attorney before speaking to a trucking company’s insurance company or accepting a settlement offer. While most cases won’t make it to trial, it doesn’t alleviate the injured party’s burden to investigate their case.
Contact an Experienced Personal Injury Attorney
An injured party has two years to file a claim in civil court for a personal injury claim. Negotiating with a commercial vehicle’s insurance company doesn’t require that a lawsuit be filed with the court. However, it is crucial because if the insurance company delays negotiations, the victim may forgo its right to have a court review the case.
Why is it important to get compensation for an accident with a commercial vehicle?
Because of that physical difference, an accident with a commercial vehicle is much more likely to cause significant damage that can lead to life-altering injuries. If you’ve been involved in an accident with a commercial vehicle, you’ll need compensation to help get your life back on track as you deal with the physical, emotional, ...
What is the key factor in determining a settlement?
Property damage: The severity of damage to your vehicle is another key factor in determining your settlement. If your vehicle requires extensive repair or replacement, your settlement will reflect this reimbursement, as well as that of a rental car for your temporary use, if necessary.
How Much Should You Expect from Your Accident?
Some commercial vehicle accident settlements settle for anywhere from tens of thousands up to hundreds of thousands. However, many of these settlements may run into the tens of millions of dollars, and sometimes more.
What is incidental culpability?
Incidental culpability: Was the other person driving recklessly or while under the influence of drugs or alcohol? If so, this will result in a larger portion of culpability than, say, an accident caused by wet or icy roads.
What is the negotiation stage of insurance?
Once the insurance company has completed its investigation, you will either be approved or denied coverage for your claim — this is known as the negotiation stage. Typically, the insurance company will respond to your demand for payment with a counter-offer, which is often an indication that a settlement can be reached.
What does a claims adjuster do?
A claims adjuster from the at-fault party’s insurance company will conduct an investigation, which will include reviewing the police report, witness statements, and photographs of the accident site, as well as taking your statement.
Insurance Claims
The first step is generally to file insurance claims against liable parties, so you must identify who those liable parties may be. This can be challenging and may include:
Personal Injury Lawsuits
If insurance companies fail to offer adequate compensation to cover your losses, your truck accident attorney can file a personal injury claim in civil court. The insurers will likely still be defending against the lawsuit, as the insurance policy will cover any judgments.
Contact a Granbury, Texas Truck Accident Lawyer Right Away
The injury attorneys at Cain Firm take on complex truck accident insurance claims and lawsuits, and our goal is maximum compensation for each and every injured client. Call (817) 573-4300 or contact us online to learn about your rights and options.
The Basics of Commercial Vehicle Accident Settlements
How Settlements Happen
- In the aftermath of a commercial vehicle accident, victims hire experienced truck and bus accident lawyers to represent them in securing compensation from the parties at-fault. By investigating the accident, the lawyer can determine who may owe damages to the victims. Every commercial vehicle accident differs, but the parties who may owe damages for causing a crash …
What Settlements Pay-For
- Commercial vehicle accidents inflict a wide range of physical, emotional, and financial pain on their victims. One of the most important jobs a crash victim’s lawyer has involves understanding the full scope of that harm, and then calculating the amount of money appropriate to compensate for it. Every case differs. However, in general, commercial bus and truck crash victims can dema…
What Are The Steps in A Commercial Vehicle Accident Settlement?
How Much Should You Expect from Your Accident?
- Suppose you were involved in an accident with a commercial vehicle. In that case, you should contact an attorney before speaking to a trucking company’s insurance company or accepting a settlement offer. While most cases won’t make it to trial, it doesn’t alleviate the injured party’s burden to investigate their case. To get the maximum settlement ...
How Can A Lawyer Help?
Legal Representation with Life-Changing Results
- After you file a commercial vehicle insurance claim, the next step in the process is to negotiate an insurance settlement. A claims adjuster from the at-fault party’s insurance company will conduct an investigation, which will include reviewing the police report, witness statements, and photographs of the accident site, as well as taking your state...